Sell Century Textiles, Havells, SRF: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Generally, the hardest fall comes in stocks which have gone up the most. You are not dealing with a bear market, so it is not like stocks will start making new lows, but whatever has rallied into strong resistance will now have profit booking which will appear like a downmove. So, Century Textiles is a sell with a stop loss of Rs 625, target of Rs 590. These are intraday views so, this does not mean I am bearish on Century for the next six months.""Havells India is a sell with a stop loss of Rs 346, target of Rs 330 and SRF is a sell with a stop loss of Rs 1,375 for target of Rs 1,310," he said."Most of the IT stocks have already started their decline. So, they are two days into their decline. I am choosing other stocks where the gains have been spectacular, which are far away from their averages. Out there, probably you will see a bigger decline coming in."